As discussed in Last Analysis Tommrow is very Important astro date bulls were able to close above 35800 can see move towards 35983/36200/36400. Bears will get active below 35729 for a move back to 35555/35342/35200. 2 Bullsih target done above 35800 and bank nifty continues its time correction trading within the mercury ingress range. Now next week we should see a break out in Bank nifty with effect of Astro date we had today. Bulls need to move above 36200 can see move towards 36387/36610/36900. Bears will get active below 35930 for a move back to 35765/35421/35150.
Bank Nifty Feb Future Open Interest Volume is at 17.4 lakh with addition of 1.65 Lakh, with decrease in Cost of Carry suggesting LONG positions were ADDED today. Bank nifty Rollover cost @30980 closed above it.
37000 CE is having highest OI @7.3 Lakh resistance at 36500 followed 37000.35000-37000 CE added 8.3 Lakh in OI so bears added position in the zone of 36000-36500.
35000 PE is having highest OI @6 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-35000.